Is It Too Late to Buy Chewy Stock?

The online pet retailer's growth rates are finally stabilizing. Despite that pressure, Chewy's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin turned positive in fiscal 2020 and expanded through fiscal 2023 as it streamlined its spending and focused on growing its net sales per customer. It also turned profitable on a generally accepted accounting principles (GAAP) basis in fiscal 2022, but growth-oriented investors still broadly focused more on its sluggish sales gr ...